Economics Flashcards
Defence expenditure are an example of
Revenue expenditure
State true or false:
Budget is a statement of actual annual receipts and expenditure of the government
False
Reason: budget is a statement of expected income and expenditure land by the government for the upcoming fiscal year
Central budget is presented in India on which date every year by the finance minister
1st February
Production of goods which are socially harmful are discouraged by
Imposing heavy taxes
What is referred to as special assessment
What is referred to as escheat
Why is gift tax considered as paper tax
It heels very low revenue for the government
If borrowings and other liabilities are reduced to the budget deficit we get
Fiscal deficit
What is a surplus budget
When the estimated receipts are more than estimated expenditure
Which economists estimated the per capita GDP during the colonial period
William Digby, dadabhai nauroji, Findley shirras
Real GDP growth rate and per capita GDP growth rate during the first half of 20th century
The real GDP growth rate was less than 2% and the per capita GDP growth rate was just 0.5%
What is the effect of governments direct involvement in BOP
The effects are not certain as it depends upon the type of transaction that is being performed example import or export might improve our deteriorate the BOP
Which state has the highest literacy rate
according to the census of 2011 Kerala 94%
Which government scheme is responsible for providing food grains at highly subsidized costs to the poor families
Antyoday Anya Yojana
The estimate given by Dr Rao regarding per capita output was
0.005
